World Asphalt Market

Publication date: April 2010
Report price: $ 5 900

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Summary

Table of Contents

Global asphalt demand to grow 2% annually through 2013

World demand for asphalt is projected to increase 2.0 percent annually to more than 106 million metric tons in 2013. Gains will derive largely from a recovery in GDP growth and building construction in the key US market, as well as continued outsized growth in the emerging economies of the Asia/Pacific region (primarily China and India). In Western Europe, Eastern Europe, Latin America and the Africa/Mideast region, slowing growth in construction activity will lead to decelerating gains in asphalt demand.

Paving asphalt demand to expand from weak base

The vast majority of primary asphalt demand (about 81 percent of the total in 2008) is consumed in the manufacture of asphalt cement and other paving materials. Demand for asphalt in paving markets is expected to expand from a weak 2008 base, reaching more than 86 million metric tons in 2013. Continued strong road building and modernization in China, India and other developing nations will provide most of the impetus for growth, augmented by increased road repair activity in nearly every geographic region.

Roofing asphalt products to post the greatest gains

Consumption of asphalt in roofing products will post the greatest gains through 2013, reflecting a rebound in building construction activity in the US and increasing market share for asphalt roofing in a number of other geographic markets. China, which has become the world’s second largest national market for asphalt roofing, will provide much of the momentum for growth, although the vast majority of demand will continue to be concentrated in low-slope roofing products, rather than asphalt shingles, which dominate consumption in the US. While asphalt roofing continues to have lower market shares in most other geographic markets, these materials will nevertheless expand their presence going forward.

Study coverage

This new study presents historical demand data (1998, 2003 and 2008) and forecasts for 2013 and 2018 by product (e.g., asphalt cement, other asphalt paving products, roofing) and world regional market (North America, Western Europe, Asia/ Pacific, Latin America, Eastern Europe and Africa/Mideast). Demand is also presented for 20 major national ashpalt markets within the various geographic regions. The study also considers market environment factors, details industry structure, evaluates company market share and profiles selected asphalt industry competitors worldwide, including Marathon Petroleum, Exxon Mobil, Valero Energy, NuStar Energy, Royal Dutch Shell, Nynas, Petroleos Mexicanos and BP.

Global Petrochemical Industry

Publication date: April 2010
Report price: $ 5 900

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